A successful business rates appeal by Bowman Rebecchi has helped to bring a much-sought-after industrial unit back into contention for 100% rates relief through the Small Business Bonus scheme.
The new valuation has led to a spike in interest for a 6,239 square foot industrial unit at MacDougall Street in Greenock.
Bowman Rebecchi's appeal, managed on behalf of its client, was upheld by Renfrewshire Valuation Joint Board in August, seeing the previous rateable value of £15,400 fall to £10,900.
Companies qualify for small business bonus relief on their occupied properties if the combined rateable value of all properties in Scotland is liable for is £35,000 or less and where the individual property has a rateable value of £18,000 or less.
As with this case, if the rateable value falls under £15,000, then 100% rates relief can be applied equating to no additional outlay for businesses.
Inverclyde Council administers non-domestic rates on behalf of the Scottish Government and must ensure reliefs are correctly applied.
Bowman Rebecchi Director, Andrew Bowman said:
"This is good news for our client and potential tenants for what is a large and good conditioned industrial unit.
"We'd like to thank the Renfrewshire Valuation Joint Board for their support and dialogue throughout the process during an exceptionally busy period for them.
"Demand is high across the west of Scotland currently for this type of premises, and naturally we've seen a spike in interest locally as well as from neighbouring areas.
"We expect this unit to be let within the next few weeks, bringing another welcome boost to the local economy."
PHONE: 01475 639000
property@bowreb.com 
